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Bankruptcy
Bankruptcy is intended to give the borrower a "fresh start" in rebuilding his or her economic life. Common reasons for filing bankruptcy include: foreclosure proceedings, wage garnishment, sudden loss of income, or liability caused by unexpected events. The vast majority of filers get all or most of their debts discharged (wiped-out) without giving up any of their own property. This is because federal as well as state laws provide exemptions for your property. Exempted property is property such as household goods and personal belongings, which you may keep despite your bankruptcy. Bankruptcy may also avoid foreclosure or repossession on your property and allow you to make up your overdue payments over time. When financial problems arise, the Law Office of Arthur W. Boyce can provide guidance through the bankruptcy process. Mr. Boyce is experienced in the filing and handling of Chapter 7, 12 and 13 Bankruptcy Petitions. Our trained staff has the experience and capability to make the bankruptcy process less traumatic and as uneventful as possible.
This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.